Seven Hills (SEVN) President Thomas Lorenzini Surrenders 2,732 Shares

What Happened Thomas J. Lorenzini, President and Chief Investment Officer of Seven Hills Realty Trust (SEVN), surrendered 2,732 shares on 2026-09-17 to satisfy tax withholding obligations related to the vesting of previously issued securities. The shares were valued at $7.40 each, for a total disposition value of $20,217. This was a withholding of shares for taxes (code F), not an open-market sale signaling a trading decision.

Key Details

• Transaction date: 2026-09-17; Filing date: 2026-09-18 (timely Form 4 filing).
• Shares surrendered: 2,732 at $7.40 per share; total value reported $20,217.
• Transaction code: F (payment of tax liability by withholding securities).
• Footnote: F1 — "Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3."
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This was a routine tax-withholding transaction tied to the vesting of company securities (often restricted stock or RSUs) and is generally administrative rather than a market-timing sale.
• Under Rule 16b-3, such withholding is a standard method for insiders to satisfy tax obligations when awards vest.